Oremex Release Results from Diamond Drill Program at Tejamen Silver Property



    VANCOUVER, Aug. 2 /CNW/ - Oremex Resources Inc. (TSX-V: ORM) (the
"Company") announces that it has received final results of a ten-hole drill
program completed at its Tejamen Silver Property ("Tejamen") in 2006. Receipt
of assay results for these holes was delayed due to administrative
difficulties in Mexico. The holes were drilled to twin some of the reverse
circulation drill holes, provide samples for rock strength testing on the
periphery of the proposed pits, and to provide samples for metallurgical
testing in the two mineralized zones. Diamond drill ("DD") holes DD-1 to DD-4
tested the Cerro Prieto zone, diamond drill holes DD-5 and DD-6 tested
mineralization within the Los Mantos zone while holes DD-7 to DD-10 were
primarily drilled to provide samples for rock mechanics testing.
    Hole DD-1 was sited between reverse circulation ("RC") holes RC-1 and 
RC-2, and showed good correlation with mineralized intercepts in both holes as
follows:

    
    -------------------------------------------------------------------------
                                                                      Ag
     Drill         Interval         Metres              Ag (grams    (ounces
     Hole          (metres)         (feet)              per tonne)   per ton)
    -------------------------------------------------------------------------
     DD-1          18-84            66 (216.5)          59.5           1.74
    -------------------------------------------------------------------------
     Incl.         38-50            12 (39.1)           127.5          3.72
    -------------------------------------------------------------------------
     RC-1          16-82            66 (216.5)          78.5           2.30
    -------------------------------------------------------------------------
     Incl.         24-36            12 (39.4)           113.0          3.31
    -------------------------------------------------------------------------
     RC-2          16-108           92 (301.8)          39.1           1.15
    -------------------------------------------------------------------------
     Incl.         26-54            28 (91.8)           50.0           1.46
    -------------------------------------------------------------------------
     Incl.         88-116           28 (91.8)           54.1           1.58
    -------------------------------------------------------------------------

    Hole DD-2 twinned Hole RC-7 and also showed good correlation with respect 
  to grades and thicknesses as follows:
    -------------------------------------------------------------------------
                                                                      Ag
     Drill        Interval          Metres              Ag (grams    (ounces
     Hole         (metres)          (feet)              per tonne)   per ton)
    -------------------------------------------------------------------------
     DD-2          36-96            60 (196.8)          138.4          4.05
    -------------------------------------------------------------------------
     Incl.         48-76            28 (91.3)           253.7          7.40
    -------------------------------------------------------------------------
     And           112-128          16 (52.5)           32.1           0.94
    -------------------------------------------------------------------------
     RC-7          36-102           66 (216.5)          104.5          3.05
    -------------------------------------------------------------------------
     And           130-140          10 (32.8)           176.2          5.15
    -------------------------------------------------------------------------
     And           150-164          14 (45.9)           35.1           1.02
    -------------------------------------------------------------------------

    Hole DD-3 was drilled 25 metres south of Hole RC-8:
    -------------------------------------------------------------------------
                                                                      Ag
     Drill        Interval          Metres              Ag (grams    (ounces
     Hole         (metres)          (feet)              per tonne)   per ton)
    -------------------------------------------------------------------------
     DD-3          62-78            16 (52.5)           38.6           1.13
    -------------------------------------------------------------------------
                   98-114           16 (52.5)           52.7           1.54
    -------------------------------------------------------------------------
     Incl.         102-104          2 (6.6)             135.5          3.96
    -------------------------------------------------------------------------
     Incl.         112-114          2 (6.6)             216.2          6.32
    -------------------------------------------------------------------------
     RC-8          84-104           20 (65.4)           118            3.45
    -------------------------------------------------------------------------

    Hole DD-4 was drilled between holes RC-28 and RC-29:
    -------------------------------------------------------------------------
                                                                      Ag
     Drill        Interval          Metres              Ag (grams    (ounces
     Hole         (metres)          (feet)              per tonne)   per ton)
    -------------------------------------------------------------------------
     DD-4          24-110           86 (280.4)          26.8           0.78
    -------------------------------------------------------------------------
     Incl.         52-58            6 (19.6)            51.3           1.50
    -------------------------------------------------------------------------
     Incl.         70-74            4 (13.1)            48.6           1.41
    -------------------------------------------------------------------------
     Incl.         106-110          4 (13.1)            48.0           1.40
    -------------------------------------------------------------------------
     RC-28         14-82            68 (223.0)          81.6           2.38
    -------------------------------------------------------------------------
     RC-29         56-80            24 (78.7)           114.2          3.34
    -------------------------------------------------------------------------

    In the Los Mantos zone, Hole DD-5 was drilled between holes RC-97 and 
RC-98:
    -------------------------------------------------------------------------
                                                                      Ag
     Drill        Interval          Metres              Ag (grams    (ounces
     Hole         (metres)          (feet)              per tonne)   per ton)
    -------------------------------------------------------------------------
     DD-5          0-36             36 (118.1)          49.5           1.45
    -------------------------------------------------------------------------
     Incl.         28-32            4 (13.1)            168.6          4.91
    -------------------------------------------------------------------------
                   48-60            12 (39.4)           34.0           1.00
    -------------------------------------------------------------------------
    RC-97          14-152           138 (452.6)         105.5          3.08
    -------------------------------------------------------------------------
    RC-98          0-4              4 (13.1)            57.5           1.68
    -------------------------------------------------------------------------
                   32-54            22 (72.2)           24.3           0.71
    -------------------------------------------------------------------------

    Hole DD-6 was drilled between Holes RC-78 and RC-79:
    -------------------------------------------------------------------------
                                                                      Ag
     Drill        Interval          Metres              Ag (grams    (ounces
     Hole         (metres)          (feet)              per tonne)   per ton)
    -------------------------------------------------------------------------
     DD-6          8-24             16 (52.5)           19.7           0.57
    -------------------------------------------------------------------------
     And           42-60            18 (59.0)           50.7           1.48
    -------------------------------------------------------------------------
     RC-78         62-78            16 (52.5)           549.4          16.09
    -------------------------------------------------------------------------
     And           110-150          40 (131.2)          84.1           2.46
    -------------------------------------------------------------------------
     RC-79         64-82            18 (59)             71.4           2.09
    -------------------------------------------------------------------------
     And           116-154          38 (124.6)          88.1           2.50
    -------------------------------------------------------------------------
    

    Holes DD-7 to DD-10, drilled near the proposed pitwalls for the open pit
in the Los Mantos zone, encountered relatively narrow widths of silver
mineralization. Core samples taken from these holes were utilized by Call &
Nicholas of Tuscon, Arizona for completion of their geotechnical review of the
Tejamen property. Their report concluded that overall geotechnical conditions
are favourable at the property and their findings generally supported the pit
slope angles utilized in the independent Preliminary Assessment Study
completed by Snowden Mining Industry Consultants in 2006.
    All intercepts are reported as drilled; true widths have not been
calculated. Diamond drill samples were collected, logged and split following
standard industry practice and were analyzed by Inspectorate America
Corporation using 30 element ICP with a fire assay technique with a
gravimetric finish for gold and silver. Linda Thorstad, P. Geo., is the
qualified person who reviewed the data as received from the assay lab.
    The Tejamen deposit remains open at depth and in several directions for
future exploration. The Company is continuing discussions with the Ejido for
long term access to surface rights at the project.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy and accuracy of this release.

    Forward-Looking Statements: The above contains forward-looking statements
that are subject to a number of known and unknown risks, uncertainties and
other factors that may cause actual results to differ materially from those
anticipated in our forward-looking statements. Factors that could cause such
differences include: changes in world commodity markets, equity markets, costs
and supply of materials relevant to the mining industry, change in government
and changes to regulations affecting the mining industry. Forward-looking
statements in this release include statements regarding future exploration
programs, operation plans, geological interpretations, mineral tenure issues
and mineral recovery processes. Although we believe the expectations reflected
in our forward-looking statements are reasonable, results may vary, and we
cannot guarantee future results, levels of activity, performance or
achievements.





For further information:

For further information: Linda Thorstad, M.Sc., P.Geo. Chief Executive
Officer, T: (604) 683-5651, E: linda.thorstad@oremex.com

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OREMEX RESOURCES INC.

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